89100850 - Laserfiche WebLink

Browse

A. .r T i 2 D. UNIFORM SECIIRM INSTRUMENT; GOVERNING LAW; SEVERABILI7Y Uniform Covenant IS of the Security Instrument is amended to read as follows: IS. Usiferm aacarlty laetruawat; Gavatntift Law SrvMWlt9. This form. of Security Instrument combines uniform covenants for national use and nonuniform covenants with limited vadatlanitbl( jurisdiction to conttittttrYq gniton n security instrument covering real property_ This S=dty Instrument shall be `overned by Federal-law and the taw•af the jildfiidliYdn in which the Property is tooted. In the event that any provision or clause of this Security instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect. without the confl3Mfug provision, and to this end the provisions of this Security Instrument and the Note are declared to be severable. E, T$ANSFER OF THE PROFERTY OR A 11EN14MU 1247FREST IN BORROWER Uniform Covenant 17 of the Security Instrument is amended to read as follows: 17. Treader of tie hoperty Ora BnwftW Ialn la Rott+awtr. If'atl on any dart of the Property or an interest therein is sold or transferred (or if a beneficial interest in Borrower is sold er transferred and Borrower io nat,a natural person) without Lender's prior written consent. Lender may. at Lender's option. declare all the sums secured by this*' vurlt r G*nm=t to-be immediately due and payable. However, this option shall not be exercised by Lender if exercise is not authorized by Fedul limo. Lender may waive theexercise of this op";itin if: (a) Borrower causes to be submitted to Lender information required by Lender to evsluahr the intended transferee as if a new loawwatr: being made to the transferee. and (b) Leader reasonably detemines that Leader's security will: npti be impaired by the loan assumption and that the risk of the breach of any covenant or agreement in this SecuriPy instrument is acceptable tb •kinder. To the extent permitted by applicable law, Lender may charge a reasonable fee as a condition to Lender's consent to the loan assumption. Lender may also require the tsansfrree to la"p x11, tl FWmisn and agreements made in the Note and in this Security Instrument. "If Lender exercises such option tc.xccdt;.;c,, I:Oycr s: #11 rsail Borrower notice of acceleration in accordance with paragraph 14 hereof. Such notice shall provide a period of not less than 30 drays from the date the notice is mailed within which Borrower may pay the sums declared due. If Borrower fails to puce such sums prior to the expiration of such period, Lender may, without further notice or demand on Burrower, involve any remedies perftfr.d by this Security Instrument." "Notwithstanding it safe or transfer, Borrower will continuo to be obligated under the Net -and this Security instrument unless Lender has released Borrower in writing :" F. LOAN CHANGES If the loan secured by the Security Instrument is subject to a law which sets maximum lem' ' charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected frr_ curtnection with the loan exceed permitted limits, then: (1) any such loan charge sball be reduced by the amount necussary to reduce the charge to the permitted limit; and (2) any sums already collected from borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment under the Note. IN WITNESS WHEREOF, Borrower has executed this Adjnsrable Rate Rider. (seal) Eugene 4: Wa on BORROWER Juc!M- 7. Watson BORROWER (Seal) BORROWER (SIGN ORIGINAL ONLY) F � v °rn s 9 too 'n W Eh - iwd 1 x t CD Co ~ V a ti p-